[PDF] Top 20 Unemployment and work sharing in an efficiency wage model
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Unemployment and work sharing in an efficiency wage model
... With respect to the previous case, we make the following changes. First, the number of working hours is now endogenous. Second, we rely on general forms for both the technology and the cost functions. As pointed out in ... See full document
9
Exploitation in Monopsony
... the efficiency wage theory is that the effort (productivity) of a typical worker is positively re- lated to his/her wage, and firms have the market power to set the wage 9 ...lower wage ... See full document
9
An efficiency wage imperfect information model of the aggregate supply curve
... a wage-setting relationship of the form, , where u is the unemployment rate and z represents other variables that may affect the wage- setting ...of wage-setting relationship can be obtained ... See full document
41
An Efficiency Wage—Imperfect Information Model of the Phillips Curve
... an efficiency wage model in which workers have imper- fect information about wages ...a wage-wage Phillips curve, a wage-price Phillips curve, and a price- price Phillips ...The ... See full document
16
On involuntary unemployment: notes on efficiency wage competition
... involuntary unemployment scenario, taking into account movements in κ , the result in (14) can be exploited to discuss the cyclicality of ...(lower) unemployment are characterized by higher (lower) effort ... See full document
15
A dynamic efficiency wage model with learning by doing
... so that F(.) is both increasing and concave in w and N. It is important to observe that this production function is quite different than the one used in general in the efficiency wage model (see ... See full document
8
Unemployment risk and wage differentials
... our model is an equilibrium model of the wage ladder, where, endogenously, the lowest rungs of the wage ladder are especially ...‘genuine’ unemployment scarring, and the correlation ... See full document
31
Explaining the gender gaps in unemployment across OECD countries
... in unemployment across countries we postulate that the heterogeneity and the persistence of labor market conditions are potential candidates for explaining the ...the model developed in Hansen and ... See full document
44
Profit sharing as the optimal wage contract
... of work, is the optimal wage ...making unemployment costly, as argued by the efficiency wage literature initiated by Shapiro and Stiglitz (1984), and by making the remuneration performance ... See full document
33
The Business Cycle with Nominal Contracts and Search Frictions
... The model economy with period-by-period efficient bargaining confirms the fact that the basic real business cycle model characterized by frictional labor markets does not propagate monetary shocks at ... See full document
55
Foreign Capital Inflow, Skilled Unskilled Wage Inequality and Unemployment of Unskilled Labour in a Fair Wage Model
... equilibrium model where the FWH is ...type unemployment of unskilled labour in the urban sector. The skilled wage rate in the high-skill sector is set according to the ...explicates ... See full document
30
On economic growth and minimum wages
... set wage minima and unemployment benefits in a simple one-sector closed-economy model with endogenous ...minimum wage can ...minimum wage policies can effectively be used as a stimulus ... See full document
47
Efficiency Wage and Endogenous Job Destruction in the DMP Model an Extension
... DMP model by incorporating efficiency wage relation in the benchmark DMP ...worker’s efficiency. The presence of wage efficiency relation modifies the basic equations of the ... See full document
12
Why leave wage work and become self employed ? Independence, earnings or unemployment
... estimated model can be presented in terms of hazard function or survival ...logit model for the transition to self-employment in 1990: the lower the number of weeks worked in the last year before transition ... See full document
33
Discrimination in the equilibrium search model with wage tenure contracts
... of unemployment by not participating in the labor market rather than finding a ...lower unemployment duration among female unemployed than male unemployed, when it is measured by ...gender wage gap ... See full document
48
Foreign Capital, National Welfare and Unemployment in a Fair Wage Model
... contractual wage, W * , while the unskilled wage rate in the rural sector, W , is market ...unskilled wage rates are related by the Harris-Todaro (1970) migration equilibrium condition where the ... See full document
25
Stagnation and minimum wage: Optimal minimum wage policy in macroeconomics
... where ρ is a constant rate of time preference, and u(c) and v(m) are a continuous concave instantaneous utilities of real consumption c and real money balances m, respectively. I abbreviate the time notation of each ... See full document
27
On wage formation, wage flexibility and wage coordination : A focus on the nominal wage impact of productivity in Germany, Greece, Ireland, Portugal, Spain and the United States
... implement wage coordination in practice according to the competitivity or Euro-Plus Pact, such as enforce it on the whole economy while wage bargaining takes mainly place in free market economies at ... See full document
38
Estimating the Output, Inflation and Unemployment Gaps in Ireland using Bayesian Model Averaging
... As discussed by Lane (2014), understanding the Irish external balance sheet at a disaggregated level is needed to understand the extent of the current account contraction. While Ireland experienced current account ... See full document
42
On wage formation: wage flexibility and wage coordination: A focus on the wage impact of productivity in Germany, Greece, Ireland, Portugal, Spain and the United States. MPRA Paper No. 31102, 29 June 2011
... implement wage coordination in practice according to the competitivity or Euro-Plus Pact, such as enforce it on the whole economy while wage bargaining takes mainly place in free market economies at ... See full document
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